The German Federal Statistical Office (Destatis) has announced final veri on the growth of the German economy for the third quarter of the year. As a result, seasonal and calendar-adjusted gross domestic product (GDP) in Germany increased by 0.4% in the third quarter compared with the previous quarter. Therefore, Destatis …
Devamını oku »Two-digit inflation warning from the German Central Bank – Last Minute Economy News
The German Central Bank’s (Bundesbank) November economic report has been released. The report noted that the German economy grew in the third quarter and that economic activities will contract significantly during the winter months. While the German government has struggled to “curb” gas prices, which have risen due to the …
Devamını oku »German PPI falls for first time in two years – Last Minute Economy News
The German Federal Statistical Office (Destatis) has released producer price index (PPI) veri for October. While PPI in Germany fell 4.2% in October compared to the previous month, it was up 34.5% year on year. The first monthly decline in producer prices since May 2020 was observed in October. The …
Devamını oku »R&D expenditure of German companies increased to 75.2 billion euros – Last Minute Economy News
Stifterverband, which investigates the country’s companies’ research and development (R&D) spending on behalf of the German Ministry of Education and Research, has announced figures for 2021. As a result, companies’ internal R&D expenditures increased by 5.9 percent over the previous year and reached 75.2 billion euros last year. Research and …
Devamını oku »German government predicts economic contraction – Last Minute Economy News
The German Ministry of Economy and Energy has published its monthly report on the country’s economy. Noting that the third quarter has gone better than expected for the German economy and that the economy has grown, the report states: “However, the federal government expects a decline in economic output in …
Devamını oku »German Economic Expert Council Predicts Recession In 2023 – Last Minute Economic News
The Economic Experts Board (SVR), which provides economic advice to the German government, has predicted that the German economy will contract by 0.2% next year due to the energy crisis. Composed of economics professors, SVR has released its annual report on the German economy. The five-person council, which leads the …
Devamını oku »German Industrialists Want Global Minimum Corporation Tax Postponed – Last Minute Economy News
In a statement from the Federation of German Industry (BDI), the federation’s German industry called for a postponement of the minimum global corporation tax by at least one year until 2025 to give companies more time to prepare for the current crisis. In the statement, it was emphasized that the …
Devamını oku »German energy company Uniper announced a loss of 40 billion euros – Last Minute Economy News
Energy company Uniper announced financial results for the January-September period. As a result, the company recorded a loss of around 40 billion euros in the 9 months of the year. This amount was calculated kakım the additional cost of € 10 billion due to the company’s purchase of gas on …
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